This is the most common view from outside the US as well. Perhaps inevitable, as democracy was a way-station which newly-acquired mercantile and colonial wealth looked to in order to escape royal whim, not a destination. No surprise the US revolution was a tax revolt by the elite. The 1930s saw the first experiment in then moving wealth away from tax-prone popular will with support for state capitalism as all alternative. But back came royal (dictator) whim, and democracy seemed safer. New generation now, so new testing, with Trump being one such. There will be more. Meanwhile, media deregulation and SCOTUS decisions have made much of voting a moot point entirely, producing just the situation you describe.